BBA Insurance Admission 2024: Eligibility, Salary, Syllabus

GaganDeep

Senior Content Specialist | Updated On - Apr 9, 2024

BBA in Insurance or a 3-year degree course at the undergraduate level, introduces the students to numerous dimensions of the insurance industry. The modules on the course will help students to understand things like types and practices of life and non-life insurance, risk management, underwriting, claim settlements, industry rules and regulations, and so on.

The BBA Insurance curriculum lists insurance topics and management subjects as financial planning, actuarial science, insurance laws, accounting, marketing, human resources, business communication, etc. Many programs contain two years of classroom learning with core subjects of insurance, specialization electives,  internships during summer, and the final year with totally on-the job training. 

BBA Insurance Highlights 2024

BBA Insurance Admission 2024

1. High school diploma or its included equivalent.

You need to have earned a high school diploma and submit your diploma or a GED certificate as proof as the latter is the equivalent to a high school diploma.

2. Strong Academics 

Every programs particularly will show interest in the fact the you achieved good results in high school especially the subjects that include math, English and social science. It is a usual sight to see a 3.0 GP workers in different meta declarations.

3. ACT/SAT Scores for College Admission.

To take the college placement exams such as the SAT or ACT and have your scores included in your application as well is another step you will be required to complete. Certain universities will determine the competitive scores differently. 

4. Insurance Major Prerequisites

Some schools might demand you took some Advanced Mathematics or Business classes to be eligible to receive an Insurance major. Check each college's requirements.

5. Letters of Recommendation 

This is another important component on the list colleges often ask for 1-3 recommendation letters from teachers, coaches, or employers who could speak about your academic competencies and personal qualities.

6. Personal Essay

Application will include a personal essay describing your interests, goals, sports or other kinds of activities outside the school affairs as well as your reasons to apply for both the college and the insurance program.

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BBA Insurance Course Eligibility 2024

1. 10+2 Pass: Your 10+2 examinations should be successful and it should be from a recognized school/board which you have completed prior to the enrollment. 

2. Minimum Marks: Normally, you have to gain at least 50% total marks of 10+2 exams . Some colleges might insist on higher rankings for those to be admitted.

3. Maths in 10+2: Studies have found that mathematics among the subject's of your 10+2 is mandatory at specific colleges for BBA Insurance admissions.

4. Entrance Test: While appearing for different university/college level entrance exams like NPAT, IPMAT etc which may be conducted via various national/state level examination cells, you will be required to sit for these recruitment tests. 

5. Personal Interview Round: A personal interview where the job interests, Industry awareness, and communication skills among other things are considered by the interview panel is also vital to make the final cut.  

6. Age Limit: Besides, you should enrol before the deadline set by the college for taking admissions, which is often before the age 22.

BBA Insurance Entrance Exams

ACET (Actuarial Common Entrance Test): ACET evaluates math aptitude and analytical skills to certify students’ admission to an actuarial science program, while that is highly relevant for BBA because of the insurance course’s focus on risk assessment and management.

ICAI CA Foundation: Institute of Chartered Accountants of India`s exam, which is particularly significant because of its emphasis on accounting and finance, is a prerequisite for understanding of insurance principles.

IRDAI (Insurance Regulatory and Development Authority of India) Exam: It contributes the career prospects of the future insurance agents in India who are pursuing their Bachelors in Business Administration and also Insurance students who seek employment in sales and distribution roles.

NIACL (New India Assurance Company Limited) Exam: Reviewed for the purpose of recruitment to the several posts in NIACL, which suits for the BBA Insurance graduates looking for jobs in the insurance firms.

LIC AAO (Life Insurance Corporation of India - Assistant Administrative Officer) Exam: A recruitment drive was carried out by the LIC for Assistant Administrative Officer position which creates another employment opportunity for BBA Insurance graduates in the life insurance sector.

GATE (Graduate Aptitude Test in Engineering): Though not specific to insurance, GATE scores are often admitted by many universities for BBA Insurance programmes, and it is more applicable for those that have an actuarial science as a major.

MAT (Management Aptitude Test): Some universities that grant admission to the BBA Insurance programs prefer the MAT as their way to assess trainees' management potential, which is relevant for the leadership roles in the insurance industry.

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BBA Insurance Syllabus 2024

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Bachelor of Business Administration [BBA] (Insurance) Course Placements

The placement outlook for BBA in Insurance graduates in India is good. The insurance sector in India is growing rapidly, and there is a high demand for qualified professionals. BBA in Insurance graduates can find jobs in a variety of sectors, including:

Bachelor of Business Administration [BBA] (Insurance) Course Jobs and Salary